Distributor 3mc has launched a 2-year tracker HMO buy-to-let mortgage at 3.29% exclusively from Precise Mortgages.
The mortgage, which comes with an arrangement fee of £1,995, is offered to individuals or through limited companies.
Doug Hall, director of 3mc, is confident that their new product will be popular. “We have seen an increase in interest in both individual HMO’s and limited company BTL’s as investors seek higher yields.
“I therefore have no doubt that this new product will prove to be popular with brokers and their clients.”
Alan Cleary, managing director of Precise Mortgages, said: “We’re delighted to be launching this new HMO deal exclusively through 3mc.
“Both individual investors and those buying through a limited company, can benefit from this excellent 2-year tracker offer.”